What are CFS fees?

What are CFS fees?

What is a CFS fee? A container freight station fee is assessed for LCL shipments. After arriving at the destination port, LCL cargo is taken to a container freight station (CFS) to be deconsolidated; after that, it's loaded into a truck and transported to the final destination.

What is import CFS?

CFS stands for Container Freight Station and refers to a warehouse where cargo that belongs to various exporters or importers is consolidated or deconsolidated before being exported or imported.30-Apr-2019

What is the purpose of CFS?

As explained above, a CFS is responsible for the consolidation of cargo and stuffing it in containers before the goods are shipped. This process reduces congestion at the port of origin and ensures that the cargo is shipped efficiently.04-May-2022

What is CFS in shipping term?

CFS stands for 'Container Freight Station'; a station or warehouse where a number goods or products are stored to be shipped together in one or more containers. At a CFS, the goods normally belong to a number of different customers, and the shipment is often done via LCL shipments.

Who should pay CFS charges?

of such goods are handled by the CFS / ICD authorities, with necessary permission from customs officials. The charges to handle such arrangements are to be paid by the importers, exporters or other users of such CFS / ICD.01-Jun-2022

Is GST applicable on CFS charges?

No, as per section 13(9) of IGST Act, if the place of supply of service lies outside India, GST is not applicable.27-Sept-2017

Why CFS is important in shipping?

Role of CFS while Exporting Goods As explained above, a CFS is responsible for the consolidation of cargo and stuffing it in containers before the goods are shipped. This process reduces congestion at the port of origin and ensures that the cargo is shipped efficiently.29-Aug-2020

What is CFS and CY in shipping?

In case of international shipping, CY is Container Yard and CFS is Container Freight Station. Container Yard is a place where containers are stored before loading on to the vessel or after unloading from the vessel/ship after it arrives at Port.21-May-2018

What is CFS charges at Nhava Sheva?

1st to 30th day Rs. 8.50 (ii). 31st day onwards Rs. 42.50 Note: The date of receipt of empty containers as well as the date of delivery will be taken into account for calculating the ground rent of empty container.

How many CFS are there in India?

India has some 169 CFSs and 67 inland container depots (ICDs).19-Apr-2018

How many CFS are there?

According to the data maintained by the Department of Commerce (DoC), there were 168 CFSs in the country as of March 2017 (Appendix I).

What is VGM in shipping?

The Verified Gross Mass (VGM) is the weight of the cargo including dunnage and bracing plus the tare weight of the container carrying this cargo. SOLAS requires the shipper to provide VGM in a “shipping document,” either as part of the shipping instruction or in a separate communication, before vessel loading.

What is the difference between CFS and CY?

CFS stands for Container Freight Station and it is used for LCL shipment, and CY stands for Container Yard and it is used for FCL shipment.03-Jun-2020

How much is customs clearance fee in India?

Most small agents will charge you around Rs. 4000-5000 for a small consignment clearing service,which is only thier agency charges as for all the actual charges that have to be paid to the customs department will be in excess of about 5000 onwards.09-May-2011

What is included in 12% GST?

What Comes Under the 12% GST Slab?

Can we take ITC on freight?

Yes. You can claim ITC on GST paid on freight charges in relation to export of goods.

Who is appointed CFS?

Container Freight Station(CFS)? For the purpose of examination and assessment of the containerized cargo, both import and export container freight Station (CFS) are set up. They are appointed as custodians of goods by the Commissioner of Customs, under Section 45 of the Customs Act, 1962.10-Jun-2022

What is LCL freight?

LCL is an acronym used in logistics, which means 'Less than Container-Load'. LCL is used when a single shipper's goods do not completely fill an entire container. When this happens, in order to fill an entire container, space in the container is split between orders and/or shippers.

What is DPD in shipping?

Direct Port Delivery (DPD), which began last year with the Nhava Sheva port on the outskirts of Mumbai, entails the delivery of a shipment from the port to the consignee instead of initially holding it at a container freight station (CFS).20-Mar-2017

What is the difference between CFS and Bonded warehouse?

A container freight station (CFS) is a facility where ocean or air freight can be transferred directly from the destination port or airport. A bonded facility simply means that it has been certified by Customs Border Protection (CBP) to receive goods directly from the port while still under a customs bond.03-Nov-2017

What is CBM in shipping?

cubic meter

What are CFS fees?